Litecoin LTC/USD is trading at 53. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the 55 level is expected to be near the level of 55, from which one should expect a rebound and an attempt to continue the LTC/USD fall below the level of 45.
Litecoin forecast & analysis LTC/USD on November 4, 2017
Earlier, a signal of medium strength signal for sell of Litecoin crypto currency was obtained, due to intersection of signal lines at level 55. Cancellation of the Litecoin fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 57, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is with a level breakdown of 48.
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